In May 2024, Justin Bons, founder and CIO of CyberCapital, publicly accused Sui of centralization. He claimed that the founders controlled 84% of staked tokens.
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Cetus Protocol Halts Operations After $260 Million Hack, Sending Sui Tokens Into Freefall
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The Sui network has previously been accused of centralization due to high token concentration among founders and the limited number of validators.
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